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Articles from 2016 In September

The Official Inauguration of the Panama Canal's third Set of Locks - A Souvenir Guide - Published June 2016

The Official Inauguration of the Panama Canal's third Set of Locks - A Souvenir Guide - Published June 2016

The Panama Canal Authority has announced that Seatrade has been appointed to produce the special Souvenir Guide which will include a brief history of the waterway, an account of the expansion works and their main technical features, interviews with leading officials of the Panama Canal Authority and profiles of some of the people who made the expansion possible.

Middle East WorkboaMiddle East Workboats and Offshore Marine publishing October 2016

Middle East WorkboaMiddle East Workboats and Offshore Marine publishing October 2016

Middle East Workboats & Offshore Marine Magazine brings you coverage of the very latest in news and views on the burgeoning marine offshore and workboats maritime sectors.

SapuraKencana picks up contracts worth $215m

SapuraKencana picks up contracts worth $215m

The oil and gas services provider said in a stock market announcement that a consortium of SapuraKencana TL Offshore and SapuraKencana HL was awarded a contract by India's Oil and Natural Gas Corporation (ONGC) for the B127 cluster pipeline RTR project.

The 20-month contract covers building 11 pipeline systems and topside modifications in the B127 field and surrounding Mumbai High fields located off the west coast of India.

 SapuraKencana Drilling Asia was awarded a contract by Brunei Shell Petroleum to provide its tender assist drilling rig SKD Pelaut for use as a bespoke technical solution for its development drilling plan offshore Brunei. The contract is for two years with options to extend for another two years.

The last contract is a short two-month job in local Malaysian waters for SapuraKencana Subsea Services to provide Petronas exploration unit Petronas Carigali with underwater maintenance services for its Sepat mobile offshore production unit (MOPU).

The scope of work consists of inspection, maintenance, repairs, drilling support and other work for Petronas Carigali’s underwater facilities in the water near shore and offshore Peninsular Malaysia at the Sepat field.

World's first LNG powered car carrier delivered to UECC

World's first LNG powered car carrier delivered to UECC

The pure truck car carrier Auto Eco was delivered by Kawasaki Heavy Industries from its China joint venture yard NACKS in Nantong on 29 September.

The vessel is dual fuel and can run on either LNG or heavy fuel and marine gas oil.

It is the first of two sister vessels that will be deployed by UECC, a joint venture between Nippon Yusen Kaisha (NYK) and Wallenius Lines in Northern Europe.

“These vessels will be put into service in Europe, where strict sulphur emission regulations have been introduced. LNG does not emit any sulphur oxides (SOx) or particulate matter (PM) and significantly less nitrogen oxides (Nox) and carbon dioxides (CO2) compared to conventional heavy fuel oil (HFO) and marine gas oil (MGO).  Thus, these vessels will easily meet the emissions regulation,” NYK said.

The Auto Eco has a car carrier capacity of 3,985 units and has Finnish/Swedish ice class 1A allowing year round operations in the Baltic.

Hyundai Merchant Marine signs up for INTTRA's eVGM service

Hyundai Merchant Marine signs up for INTTRA's eVGM service

Under the new IMO Safety of Life at Sea (SOLAS) ruling, a container's Verified Gross Mass (VGM), or certified weight, must be declared in order to gain clearance to be loaded onto a ship.  

“Many of HMM’s customers are already using INTTRA eVGM. By joining the eVGM network, HMM will provide those customers and additional shippers on the network with simplicity and efficiency in submitting VGM information, facilitating even better customer service,” said INTTRA Asia president Jim Whalen.

“We have been working in partnership with INTTRA for many years and are pleased to announce the broadening of our relationship to include the SOLAS compliance service. A major benefit will be connecting directly with key customers through a variety of channels, including EDI, XML, the web and mobile devices,” said HMM's deputy general manager of its Global CS Team, John Kim.

Yinson sees Q2 profit down 23% on provisions

Yinson sees Q2 profit down 23% on provisions

Yinson said in a stock market announcement that second quarter revenue rose by 16% to MYR114.5m from MYR98.4m on the back of higher activity and a stronger US dollar.

Revenue from its key marine segment had risen by 16% to MYR229.8m from MYR197.4m in the previous corresponding period, driven mainly by higher marine business and the stronger US Dollar had resulted in the higher revenue that was translated into Ringgit.

Marine segment pre-tax profits rose 37% to MYR74.7m mainly due to increase in revenue and improvement in gross profit margin however this was offset by impairment of receivables of MYR11m.

For the first half, net profit declined by 7% to MYR82.8m from MYR88.8m previously, while revenue for the period rose 16% to MYR229.8m compared to MYR197.5m previously, supported by its floating production, storage and offloading business activities and stronger US dollar.

Looking ahead, Yinson said the short-term to medium-term outlook in the oil and gas sector remains challenging and uncertain due to protracted oversupply.

"Overall global economic conditions have become increasingly challenging, with higher downside risks. Moving forward, global economic activity is expected to remain subdued despite unprecedented easing of monetary conditions in major economies," Yinson concluded.

India’s JNPT to tap on solar energy for power

India’s JNPT to tap on solar energy for power

The use of solar energy will allow the port to reduce its dependency on conventional electricity from the grid.

“This green initiative by JNPT is part of its push towards becoming the most sustainable energy generation port organisation in India,” India’s ministry of shipping said in a statement.

JNPT is expected to get a payback on its investment on rooftop solar within 2.5 years, the local media reported.

“This 822 kWp of solar rooftop capacity is being installed at an expense of INR45m ($674,000), supported by a 15% subsidy from SECI (ministry of new and renewable energy),” said the statement from the ministry of shipping.

JNPT is India’s largest container port, handling more than 4m teu of box volumes a year.

AMOS Group takes over HK chandler World Hand Shipping

AMOS Group takes over HK chandler World Hand Shipping

Both companies have long-established track records partnering with global customers and the merged companies will bring complementary benefits to each other’s customers, including a turnkey range of service and supply solutions for maritime fleet and offshore oil and gas operators, through a single point of contact. 

The acquisition provides AMOS Group a wholly owned operation and experienced management team in Hong Kong to support its expansion and growth of customer services. World Hand Shipping was founded in 1991, and is an established supplier for the marine and shipping Industry. 

Meanwhile, World Hand Shipping’s customers will have access to AMOS’ international network of over 2,500 proven and validated partners and suppliers.

AMOS Group has boosted its capabilities significantly with the help of private equity firm ShawKwei & Partners, which invested in AMOS Group in 2014.

ShawKwei & Partners has been working with AMOS’ founding management led by Danny Lien to grow the group, including the launch this year of a 180,000 sq ft Singapore facility with state-of-the-art capabilities, the implementation of a comprehensive ERP system, and the installation of the first automated warehouse system in the Singapore shipping industry.

Kyle Shaw, founder and managing partner of ShawKwei as well as chairman of AMOS Group said: “The broadened AMOS Group is well positioned to increase its market share and growth with its expanded regional presence, products and services offerings.  We expect Amos will continue to pursue growth organically and through strategic acquisitions.”

Lien, founder and ceo of AMOS Group said: “With this acquisition as well as planned future acquisitions, AMOS Group will offer its customers high quality and competitive products and services across Asia. Customers will benefit from a one-stop service with one point of contact and support.”

Kelvin Sze, founder and managing director of World Hand Shipping added: “I am immensely proud to join forces with AMOS Group to create a leading provider of shipping services in Asia all under the AMOS group of companies.  We are now better able to offer the highest quality products and services to our customers efficiently and competitively.” 

‘Indispensable’ role of shipping celebrated on World Maritime Day

‘Indispensable’ role of shipping celebrated on World Maritime Day

Not only is shipping crucial today but it is “set to remain central to world economic growth as we make the inevitable transition towards an era of clean and sustainable development,” said IMO secretary-general Kitack Lim in his annual World Maritime Day Message.

Around 80% of global trade by volume and over 70% of global trade by value are carried by sea and are handled by ports worldwide according to UNCTAD (United Nations Conference on Trade and Development) figures, the IMO pointed out.

"The importance of shipping in supporting and sustaining today's global society makes it indispensable to the world, and to meeting the challenge of the 2030 Agenda for Sustainable Development,” commented United Nations secretary-general Ban Ki-moon.

Individual governments are encouraged to mark the World Maritime Day, on a date of their choosing but usually in the last week of September. The Maritime Authority of Jamaica (MAJ), for example, has helped organise a week-long series of Maritime Awareness events, designed to focus on the critical link between shipping and the everyday lives of people in Jamaica and across the world.

“Jamaica’s sustainable economic development is dependent on shipping,” commented MAJ director general RAdm Peter Brady (Ret’d) in his welcome message at the opening of the week.

Glander International Bunkering merges with Scandinavian Bunkering

Glander International Bunkering merges with Scandinavian Bunkering

The merged entity will change its name and rebrand to Glander International Bunkering (Norway).

Scandinavian Bunkering operates worldwide from Norway and Singapore and by way of the merger, Glander International Bunkering will now have an office in Norway and an extended office in Singapore. Norway will then be Glander International Bunkering’s second office in Europe after Geneva, Switzerland.

Christoffer Berg Lassen, nanaging director and ceo of Glander International Bunkering, stated: “The union of Glander International Bunkering and Scandinavian Bunkering will reinforce the group’s core values and in turn develop customer benefits. The Norwegian office will not only represent a new geographical area for service but reinforces the group’s stance as a serious international market player.”

Erik Rankin Vinde, managing director of Scandinavian Bunkering, believed that the merger will allow the group to “deliver a remarkably streamlined international service.”